BSEM (BioStem Technologies) Piotroski F-Score: 6 (As of Jun. 26, 2026) — 20% Above Median


BSEM BioStem Technologies Inc BSEM
49 GF Score
Price $3.55
GF Value $139.96
Valuation Possible Value Trap
! 3 Warning Signs
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What is BioStem Technologies Piotroski F-Score?

BioStem Technologies BSEM +3.20% 49 Piotroski F-Score is 6 as of Jun. 26, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates BSEM with a GF Score™ of 49/100 and a GF Value™ of $139.96 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,342 Biotechnology companies, BioStem Technologies ranks better than 92.03% on this metric.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

BioStem Technologies has an F-score of 6 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for BioStem Technologies's Piotroski F-Score or its related term are showing as below:

BSEM' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 6
Current: 6

During the past 13 years, the highest Piotroski F-Score of BioStem Technologies was 6. The lowest was 2. And the median was 5.

BioStem Technologies  (OTCPK:BSEM) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


BioStem Technologies Piotroski F-Score Related Terms


BioStem Technologies Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for BioStem Technologies's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

BioStem Technologies Piotroski F-Score Chart

BioStem Technologies Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 N/A 6.00 5.00 6.00

BioStem Technologies Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Sep21 Dec21 Mar22 Sep22 Dec22 Mar23 Sep23 Dec23 Sep24 Dec24 Sep25
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.00 5.00 6.00 6.00 6.00

BSEM vs TCRX, BYSI, MCRB: Piotroski F-Score Comparison

For the Biotechnology subindustry, BioStem Technologies's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


BioStem Technologies Piotroski F-Score vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, BioStem Technologies's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where BioStem Technologies's Piotroski F-Score falls into.


BSEM
49GF Score
BioStem Technologies Inc BSEM
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Sep25) TTM:Last Year (Sep23) TTM:
Net Income was -0.51 + 6.82 + 15.52 + 0.761 = $22.6 Mil.
Cash Flow from Operations was -1.423 + 0 + 0 + 0 = $-1.4 Mil.
Revenue was 11.541 + 18.413 + 254.811 + 10.473 = $295.2 Mil.
Gross Profit was 10.913 + 14.174 + 251.276 + 9.269 = $285.6 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Sep25) was
(5.814 + 14.56 + 104.2 + 140.376 + 62.393) / 5 = $65.4686 Mil.
Total Assets at the begining of this year (Sep23) was $5.8 Mil.
Long-Term Debt & Capital Lease Obligation was $0.2 Mil.
Total Current Assets was $52.7 Mil.
Total Current Liabilities was $12.2 Mil.
Net Income was -0.797 + -3.722 + -1.703 + -1.538 = $-7.8 Mil.

Revenue was 1.146 + 0.793 + 0.576 + 3.5 = $6.0 Mil.
Gross Profit was 0.908 + 0.668 + 0.475 + 3.175 = $5.2 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Sep23) was
(3.973 + 3.897 + 3.466 + 3.1 + 5.814) / 5 = $4.05 Mil.
Total Assets at the begining of last year (Mar22) was $4.0 Mil.
Long-Term Debt & Capital Lease Obligation was $1.4 Mil.
Total Current Assets was $3.8 Mil.
Total Current Liabilities was $7.9 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

BioStem Technologies's current Net Income (TTM) was 22.6. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

BioStem Technologies's current Cash Flow from Operations (TTM) was -1.4. ==> Negative ==> Score 0.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Sep23)
=22.591/5.814
=3.88562092

ROA (Last Year)=Net Income/Total Assets (Mar22)
=-7.76/3.973
=-1.95318399

BioStem Technologies's return on assets of this year was 3.88562092. BioStem Technologies's return on assets of last year was -1.95318399. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

BioStem Technologies's current Net Income (TTM) was 22.6. BioStem Technologies's current Cash Flow from Operations (TTM) was -1.4. ==> -1.4 <= 22.6 ==> CFROA <= ROA ==> Score 0.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Sep25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Sep25
=0.158/65.4686
=0.00241337

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Sep23
=1.41/4.05
=0.34814815

BioStem Technologies's gearing of this year was 0.00241337. BioStem Technologies's gearing of last year was 0.34814815. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Sep25)=Total Current Assets/Total Current Liabilities
=52.692/12.218
=4.31265346

Current Ratio (Last Year: Sep23)=Total Current Assets/Total Current Liabilities
=3.798/7.907
=0.48033388

BioStem Technologies's current ratio of this year was 4.31265346. BioStem Technologies's current ratio of last year was 0.48033388. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

BioStem Technologies's number of shares in issue this year was 23.235. BioStem Technologies's number of shares in issue last year was 13.498. ==> There is larger number of shares in issue this year. ==> Score 0.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=285.632/295.238
=0.96746354

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=5.226/6.015
=0.86882793

BioStem Technologies's gross margin of this year was 0.96746354. BioStem Technologies's gross margin of last year was 0.86882793. ==> This year's gross margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Sep23)
=295.238/5.814
=50.78052976

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=6.015/3.973
=1.51396929

BioStem Technologies's asset turnover of this year was 50.78052976. BioStem Technologies's asset turnover of last year was 1.51396929. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+0+1+0+1+1+0+1+1
=6

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

BioStem Technologies has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 6 mean?
BioStem Technologies (BSEM) has a Piotroski F-Score of 6 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on BioStem Technologies and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, BioStem Technologies' Piotroski F-Score has ranged from 2.00 to 6.00. According to the industry distribution chart, BioStem Technologies ranks #107 out of 1342 companies in the Biotechnology industry, placing it in the top 8%.
Is BioStem Technologies' Piotroski F-Score too high?
BioStem Technologies' current Piotroski F-Score of 6 is 20% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 6.00. The Biotechnology industry median Piotroski F-Score is 3.00. BioStem Technologies' value of 6 is 100% above this industry median. Based on the distribution chart, BioStem Technologies ranks #107 out of 1342 companies in the Biotechnology industry, which is in the top quartile — a strong position relative to peers. Overall, BioStem Technologies has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does BioStem Technologies' Piotroski F-Score compare to TCRX and BYSI?
According to the Biotechnology industry distribution chart, BioStem Technologies ranks #107 out of 1342 companies for Piotroski F-Score. This places BioStem Technologies in the top 8% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 3.00. BioStem Technologies' value of 6 is 100% above this benchmark. Historically, BioStem Technologies' own Piotroski F-Score has ranged from 2.00 to 6.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 3.00, BioStem Technologies has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Piotroski F-Score for a Biotechnology company?
The median Piotroski F-Score among Biotechnology companies is 3.00, based on 1,342 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. BioStem Technologies's current Piotroski F-Score of 6 is 100% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on BioStem Technologies and its competitors. For the Biotechnology industry, the median Piotroski F-Score is 3.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BioStem Technologies's current Piotroski F-Score is 6, which is 20% above median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BioStem Technologies stock overvalued right now?
Based on GuruFocus' analysis, BioStem Technologies (BSEM) is currently considered Possible Value Trap. The stock's GF Value™ is $139.96, compared to a current price of $3.55 — trading 97.5% below its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 100% above the Biotechnology industry median of 3.00. BioStem Technologies' overall GF Score™ is 49/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For BioStem Technologies (BSEM), the current Piotroski F-Score is 6 as of Jun. 26, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is BioStem Technologies (BSEM) Overvalued in 2026?

Based on GuruFocus' analysis, BioStem Technologies stock appears to be undervalued. The current stock price of $3.55 is trading 97.5% below its estimated GF Value™ of $139.96. GuruFocus considers BioStem Technologies to be Possible Value Trap.

Key valuation signals for BSEM:

  • Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
  • GF Value™: $139.96 vs. price of $3.55 (97.5% below fair value)
  • GF Score™: 49/100 with 3 warning signs
  • Industry Position: 100% above the Biotechnology median (#107 of 1342)

No single metric tells the full story. See the BSEM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


BioStem Technologies Business Description

Address 2836 Center Port Circle, Pompano Beach, FL, USA, 33064
BioStem Technologies Inc is a regenerative biotechnology company focused on harnessing elements of perinatal tissue and the body's innate biology to repair or reverse damage caused by a broad range of degenerative diseases. The company develops, manufactures, and sells tissue allografts for the wound care market with a focus on the treatment of diabetic, pressure, and venous ulcers. Utilizing its proprietary BioRetain processing method, it manufactures perinatal tissue allografts. The company offers a comprehensive portfolio of high-quality brands that are trademarked and include VENDAJE AC, AmnioWrap2, and Others. The company generates key revenue from VENDAJE AC.
49GF Score

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Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$3.55
Price
$139.96
GF Value